What is Medical Tourism?

26 Apr
What is Medical Tourism?
There are millions of pensioners and digital nomads choosing to live in Mexico and other countries around the world. Usually they do so because the cost of living is significantly cheaper than it is back in the home countries, places like the United States or the United Kingdom, but there is also another reason that so many people choose to live abroad, and that is medical tourism. Using Mexico as an example, the cost of access to the universal system is around $250 per year at the maximum, but it allows you free medicine, lab tests, dental visits and work, eye tests and glasses plus much more, without any limits. And since the doctors in Mexico studied in the United States and European Union, they are just as educated as any other doctor, which means they have the same global standards. But medical tourism goes beyond simply saving on your annual cost for access to the system. When you live in Mexico you also have the benefit of major procedures costing a fraction of what they would in the United States. An article written by Hilary Hylton for Time.com showed that a hip replacement that costs as much as $63,000 in the United States only costs $12,000 in Mexico, while a coronary bypass surgery that costs upwards of $150,000 in the United States averages around $21,000 in Mexico. When you start looking at the price difference, it suddenly becomes very clear why so many expats and pensioners are living in this Latin mega country. Medical tourism isn’t limited those who are in Mexico, however. As more and more people have access to the Internet and start looking abroad for their answers rather than trusting the propaganda machines of their home medias, they are finding that countries around the world offer superior levels of care compared to the United States, but at a fraction of the cost. For example, the Archives of Internal Medicine showed that the average cost of heart surgery in Canada is 83% less than what it is in the United States, but the quality of the surgery and post-op care is absolutely the same. In another article written for Time.com, Sarah Tung wrote that a liver transplant that costs $300,000 in the United States is over $200,000 less in Taiwan, costing around $91,000 there. Access to the Bulgarian universal system is around $50 per year, and Colombia is the same as Mexico. But perhaps the more pressing concern for many individuals is the simple fact that they can have access to the same care around the world, and not for hundreds of thousands of dollars. As more and more digital nomads start to look abroad for their medical needs, the medical tourism industry is continuing to grow, especially among working expats and retirees living on a monthly retainer or pension. If you live in Mexico, for example, a pensioner can not only cover their cost of living but also have access to unlimited medicine and care for significantly less than the estimated $300,000 to $1,000,000 most adults between 65 and 80 are required to pay for housing and medical costs in the United States. At the end of the day, the most important thing to realize is that medical tourism is a multi-billion dollar industry that is growing at a rapid pace. Retirees living on pension, as well as working expats, are just a handful of those who are it more viable to live in Mexico and other countries around the world given the oppressive costs of healthcare in the United States. And when you look at the fact that universal healthcare exists in almost every country in the world with first-class service in every major city, people have far more options than what they may have previous been aware of. Have you ever wanted to know what it’s like to live abroad as an expat ? You can visit this website on expats for more information on traveling the world full time.

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